Cup and Handle (s)Irice is over top band with SMA on 80.
Price may chill shortly, who knows but there is an unfilled gap and borderline overbought with RSI on 80. A lot of momentum noted
No recommendation
QCOM has broken long entry for lower/smaller cup and handle and is fighting resistance from the cup top for a break from the larger cup and handle pattern/probable pull back in time.
I am Long QCOM.
QCOM trade ideas
Qcom to consolidate moreQcom has basically traded sideways since January 2021 after a major rally in 2020.
Now here we are this week coming off a spectacular earnings , which sent Qcom soaring back to ATH and we still couldn't start a new uptrend even with the help of AMD and NVDA pushing the chip sector higher. I think we don't necessarily have to fall back to 122 demand zone but I do think we range trade between 151 and ATH for awhile
Also Tuesday we closed with a DoJi star candlestick, today confirmed the doji reversal 🐻
$QCOM | WEEKLY WATCHLIST 11/1 Didn't have time to do a full Elliot Wave Theory analysis on this one, I apologize for that. However, very clear supply/demand zones labeled, while trading within a wedge. Extremely attractive bullish inverse head & shoulders shown on the chart, looking to potentially confirm and breakout early in the week.
The only thing holding me back from this is the fact that Qualcomm reports earnings on November 3rd. Setup is extremely good on this one, so I may make an exception and possibly day trade this one before earnings. Not looking to swing until after earnings is reported.
QCOM - First Apple, Now GOOGLEGoogle chose Samsung to partner in the Exynos Extension - the Tensor.
While Exynos has had its detractors over the years, with good reason, the Tensor is an
entirely new beast.
No Taiwanese Manu is required, South Korea is safer.
Another number of Nails in the QOCM coffin.
Google is going to capture large amounts of Market share from everyone - Including the iMob.
The phones are, IMHO, quite nice in appearance and performance.
Integration is the Key.
No other TECH company on the planet can match Google.
They are finally, fully committed to entering the market and their new Flagship... it is a remarkable
piece for Kit @ $899, well below its competitors.
The combination of exceptional Software and Solid, robust hardware, will provide an experience
unlike any other. Mid-Band 5G will rip as T-Mobile finally begins to integrate the Licenses from their
merger with Sprint.
The Pixel 6 is the world's first truly international Smart Phone and seamless carrier switching the
competition lacks and will for a period of time.
QCOM will continue to lose Market Share, their attempt to enter the Smart Phone Market was less
than spectacular.
Our strategy is to build a Put Calendar spread in QCOM from 140 to 150.
We believe QCOM will be moving far lower in Price as Google gains immense Market share with the
introduction of the Pixel 6 and Pixel 6 Pro.
I'm watching the Google Pixel Live Stream and am impressed with a very Non-Apple presentation.
Believe this to be a Game Changer with QCOM in the 90s once again - HK
Keep Qualcomm on your watchlist for a possible breakout..!Price action to:
-123 as an important support level.
-Lower border of downward channel and bounce back perfectly
Now QCOM is at the upper border of the downward channel and a possible breakout is imminent..!
My most recent analysis:
Oct13,2021
Entry: 125.5
Stop loss:122.15
Reward/Risk:2.95
Target range: 135
Time Frame: 4wks
Possible gain: 7.66%
Possible loss: 2.6%
Position size: 5 % of trading capital
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Qualcomm (QCOM) designs, develops, and supplies semiconductors and collects royalties on wireless handheld devices and infrastructure based on its dominant position in CDMA and other related technology patents.
QualcommW bottom forming on the daily. Mac D is on the support side. Company is solid. Tech is booming like it or not. I want to see if price can retrace its previous high between 38 -61%. I honestly don't have any recent catalyst for this. This is purely TA for me although I know this company is legit. It's expensive to me to be honest but I feel confident in this retracement.
$QCOM | WEEKLY WATCHLIST 10/18Nice bounce off the bottom of the wedge here. Looking for continuation upwards to targets above at $135, $139, $141 and $145 as long as the low holds. Take note of the Daily MACD curling positive as well as the Daily RSI breaking out of downtrend!
I am already positioned in a long swing from last week on this.
QCOM probably good for at least a short-term swingWith today's weak inflation data, treasury yields are falling, which should be at least short-term bullish for tech. Qualcomm has an additional news catalyst from yesterday's announcement that they authorized a $10 B buyback plan. Qualcomm looks to be exiting oversold territory on the daily RSI. It's just under 15 forward P/E right now, with PEG under 0.5 and dividend yield at 2.2%. We may get some positive analyst coverage over the next week as an upside catalyst. I took a gamble on October 22 calls at the 128 strike.
QCOM | In a major support zone | Possible paths to expectToday, we will take a look at QCOM
The price is currently against a major support zone that has been working effectively since October 2020. Let see what we can expect in case of bearish or bullish resolutions.
This analysis is meant for people that develop short-term setups. Why am I saying this? because, at the moment, we can't think about new trends like the one from March 2020 until January 2021. To start thinking about something like that, I want to see a breakout of the current structure, at least. Alright, with all that said, let's start.
BULLISH scenario: If the price effectively bounced on the support zone, a propper invalidation zone for it would be 120 (there, we will start thinking that the level was absolutely broken)The target we will use for this idea is the white descending trend 142.00. There we will be open to rejections.
BEARISH scenario: If the price is able to break the support zone reaching a price of 117.00, we will expect a pullback towards the broken support level. IF that happens, a new low on that pullback would confirm the bearish movements with a target on 100
Thanks for reading!
$QCOM - Tripple bottomed!The stock has been dropping with seeming no strong support.
122 area has held 2 times previously.
With RSI being oversold and been for a while, it could be that the support area could hold.
Entry - 122 - 123
Exit - 135
Stop loss - 120
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
QCOM longEntry price: 124-128$
Target price: 139-141$
Keltner Channels: The price is oscillating close to the lower boundary.
RSI: under 30 level, thus the asset is oversold.
Fib Retracement: The price is approaching 0 Fibonacci level.
Fib Time Zone: The price movement is supposed to occur around 14th of October.
Conclusions: RSI, Keltner Channels and Fib Time Zone suggest the trend reversal in the near future. Therefore, the long position is recommended between 0 and 0.236 Fibonacci levels. Moreover, the price is likely to achieve the target around 0.786 Fib level as there is very strong resistance zone.
No financial advice.